Trade Openness and Culture
AbstractThis paper empirically analyzes the effect of trade openness on culture, measured by indicators of trust, respect for others, perceived level of self-determination, and level of obedience. These cultural categories play a central role in encouraging or limiting economic and social interactions and therefore impact economic outcomes. We find that trade openness has a positive and highly significant impact on culture. The more open a country is to trade, the more likely it is to possess culture conducive to increased social and economic interactions. This result is robust to the inclusion of a variety of control variables, different model specifications, and alternative trade measures.
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Bibliographic InfoPaper provided by Department of Economics, West Virginia University in its series Working Papers with number 09-05.
Length: 54 pages
Date of creation: 2009
Date of revision:
culture; informal institutions; trade openness;
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- P50 - Economic Systems - - Comparative Economic Systems - - - General
- Z1 - Other Special Topics - - Cultural Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-12-19 (All new papers)
- NEP-CUL-2009-12-19 (Cultural Economics)
- NEP-SOC-2009-12-19 (Social Norms & Social Capital)
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- Nabamita Dutta & Deepraj Mukherjee, 2012.
"Is culture a determinant of financial development?,"
Applied Economics Letters,
Taylor and Francis Journals, vol. 19(6), pages 585-590, April.
- Dutta, Nabamita & Mukherjee, Deepraj, 2011. "Is culture a determinant of financial development?," MPRA Paper 35867, University Library of Munich, Germany.
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